Allspring Global Investments Holdings LLC Decreases Holdings in Globant S.A. (NYSE:GLOB)

Allspring Global Investments Holdings LLC decreased its holdings in Globant S.A. (NYSE:GLOB - Free Report) by 0.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 628,149 shares of the information technology services provider's stock after selling 4,751 shares during the quarter. Allspring Global Investments Holdings LLC owned 1.46% of Globant worth $133,885,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of GLOB. Creative Planning lifted its position in shares of Globant by 20.5% in the third quarter. Creative Planning now owns 2,062 shares of the information technology services provider's stock valued at $409,000 after acquiring an additional 351 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Globant in the third quarter valued at approximately $11,145,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Globant by 18.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,816 shares of the information technology services provider's stock valued at $10,663,000 after acquiring an additional 8,427 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Globant by 121.3% in the third quarter. Principal Financial Group Inc. now owns 30,351 shares of the information technology services provider's stock valued at $6,014,000 after acquiring an additional 16,639 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its position in shares of Globant by 32.1% in the third quarter. Brown Brothers Harriman & Co. now owns 204,135 shares of the information technology services provider's stock valued at $40,447,000 after acquiring an additional 49,597 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company's stock.

Analyst Ratings Changes

GLOB has been the topic of several research reports. Needham & Company LLC restated a "buy" rating and issued a $265.00 target price on shares of Globant in a research report on Friday, January 24th. JPMorgan Chase & Co. increased their price target on Globant from $237.00 to $248.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. Susquehanna began coverage on Globant in a report on Tuesday, December 17th. They issued a "positive" rating and a $255.00 price target for the company. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $205.00 price target on shares of Globant in a report on Monday, November 18th. Finally, UBS Group cut their price target on Globant from $222.00 to $217.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, Globant has an average rating of "Moderate Buy" and an average target price of $230.28.

Globant Trading Down 1.9 %

NYSE:GLOB traded down $4.46 during midday trading on Friday, reaching $224.28. The company had a trading volume of 473,248 shares, compared to its average volume of 440,014. The firm has a market capitalization of $9.66 billion, a price-to-earnings ratio of 58.56, a PEG ratio of 2.46 and a beta of 1.39. The stock's fifty day simple moving average is $215.78 and its 200-day simple moving average is $209.88. Globant S.A. has a 12-month low of $151.68 and a 12-month high of $243.35.

Globant Company Profile

Globant SA, together with its subsidiaries, provides technology services worldwide. It provides digital solutions comprising blockchain, cloud technologies, cybersecurity, data and artificial intelligence, digital experience and performance, code, Internet of Things, metaverse, and engineering and testing; and enterprise technology solutions and services, such as Agile organization, Cultural Hacking, process optimization services, as well as AWS, Google Cloud, Microsoft, Oracle, SalesForce, SAP, and ServiceNow technology solutions.